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20121121
20121129
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CNBC 17
MSNBCW 13
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English 41
Search Results 0 to 40 of about 41 (some duplicates have been removed)
MSNBC
Nov 21, 2012 9:00pm PST
cliff and really we have to do something to fix our sky rocketing deficit. our national deficit that he will tell you has been going up and up and up like a rocket and spiraling out of control like a something going out of control and paul ryan is just so right and if congress and president obama do not do something to stop the sky rocketing deficit, to sop up the red ink, if they don't by new years or whatever the emergency is supposed to happen we will go flying off the fiscal cliff and not like these guys that mean to do that but more like cliffhanger cliff on the price is right for which going over the cliff is a dire mistake. you will hear this at thanksgiving dinner table. when someone inevitably brings up the fiscal cliff and how our sky rocketing deficit is a huge danger to us, do not crawl under the table. do not give up on thanksgiving. help your giant uncle understand what he is freaking out about is not true. it is easy. there are visual aids that might help. first of all, the amount of money borrowed by the government has been going down, not up. this is the deficit in '09
CNN
Nov 28, 2012 12:00am PST
on the table a proposal that reduces the deficit by $4 trillion, that does so in a balanced way, that includes substantial cuts to discretionary non-defense spending, over $1 trillion, it includes revenue and includes $340 billion in savings from our health care entitlement programs. >> fairly unequivocal, isn't it? it's a mixture of pretty substantial spending cuts and tax increases. >> we haven't seen the plan. i haven't seen the plan. i don't think the speaker -- >> are you accusing the president of lying? is the president lying? >> where is the plan? >> is he lying? >> i don't think the plan's out there. i think jay carney might be but i don't see the plan. maybe they have a plan. >> jay carney is lying and he's the white house spokesman. >> no. >> they're lying, are they? >> i'm not saying that. piers, maybe they've got -- >> you just did. you just called him a liar. >> they haven't shared the plan with the american people. paul ryan and the republicans in congress have passed twice now and last year -- excuse me, two years ago as well, a ten year plan for a budget that deals with the ten
CNBC
Nov 26, 2012 4:00pm EST
should address the drivers of the deficit. social security is not currently a driver of the deficit. that's an economic pact. while the president supports engaging with congress on a separate tract to strengthen social security, for entitlements we need to look at medicare and medicaid. >> joining to us talk about that and more is alan krueger, chairman of the council of economic advisers. can you help us interpret what jay carney just said? a lot of republicans have gone into this debate and discussion saying, you want more in taxes but in the same time we have to have entitlement reform. is he taking that off the table, mr. krueger? >> the president has pursued a balanced approach all along. he's had entitlement reform on the table. if you look at budgets, there are tough decisions there relating to health care costs, which are driving our deficits. additional revenue from upper income earners. >> medicare is still on the table when it comes to discussions about the fiscal cliff but not social security? what exactly are we talking about? >> as jay carney said, social security is not a d
MSNBC
Nov 21, 2012 8:00pm PST
reduce the deficit. it doesn't make a lot of sense to get rid of a deficit reduction program, as part of a deficit reduction deal. the white house already rejected boehner's idea. obama care will not be part of debt negotiations. boehner is up to something here, don't you think? something else, that is. if you watch john boehner closely over the last two weeks, you can see him laying the ground work for the latest ploy. he called obama care the law of the land, but also tried to link it to obama care and the budget. >> you had said, next year, that you would repeal the health care vote. that's still your mission? >> well, i think the election changes that. it's pretty clear that the president was re-elected. obama care is the law of the land. i think there are parts of the health care law that are going to be very difficult to implement. and very expensive. and at a time where we're trying to find a way to create a path toward a balanced budget, everything has to be on the table. >> but you won't be spending the time next year, trying to repeal obama care? >> there are certainly may b
MSNBC
Nov 28, 2012 6:00am PST
that reduces the deficit by $4 trillion. that is substance. so he has not waited for people to start smelling the jet fumes at national airport. he has actively put forward a plan. >> the white house and republicans are ramping up their pr, something significant is happening behind the scenes. both sides appear to be preparing their own basis to eat their vegetables, if you will. in other words, get ready to make some sacrifices on sacred cows that are required for a grand bargain. for republicans that means swallowing changes to the bush-era tax rates and yesterday the first major house republican broke with the party line in a private meeting with the house republican whip team which is responsible for counting the conference's votes. oklahoma congressman tom cole said it's time to immediately extend the bush-era tax cuts which, of course, is what obama is calling for, for households earning less than $250,000 a year. then he later told "the new york times," quote, the first thing i'd do is make sure we don't raise taxes on 98% of the american people. we'll get some credit for that, and it'
CNBC
Nov 27, 2012 7:00pm EST
no problem. medicaid no problem. i don't know, one trillion deficit no problem. >> markets are falli ining dean. take a look. i don't understand this. attitude. i'm not hearing it from the president. no, first of all, interest rates are low because we have had a weak economy. as far as the debt goes, listen to dean, i'm sure that he believes that the only real problem phafacing the country a the capitol gains. i think we do have a debt problem i think we have a big debt problem. the numbers in the 20s, 30s, look horrifying and we have a huge job and growth problem. i don't understand how taking dividends from 15-43 creates jobs that closes that. >> i don't see spending cuts. it won't matter. the economy collapsed and the housing bubble collapsed. make them pay zero taxes. the search goes inside out. none of it finds that it will create any of those jobs. the government has no choice. >> that is quite an experiment. that you are willing to run with 1 or 2%. from 15 to 25. we are going to taking it from 15 to 30. >> we have been there. >> you are taking the rate on capital which we have the
CNBC
Nov 28, 2012 3:00pm EST
, michelle, why is this such a crisis? we're going to have about $.5 trillion in deficits in 2013. is that a crisis? for god's sake, we're finally doing something to address our debt and deficits. that should be great news. i'll tell you why gold might be down today. why is the market rallying when gold, oil, and copper are down? the only tentity borrowing all this money is the government. that's why gold is going down. guess what? don't worry about it. they're going to punt on this like they have every other time. >> are you as pessimistic? are they going to punt? what do you do? >> in the short-term, you have to be careful. these are unknowable things. it's a very fluid situation, as you identified. somebody gives us some happy talk. this market goes straight up. i think gold is giving perhaps a false signal there won't be qe-4. i believe there will be. it's just a matter of time. this is going to take time to implement. we're not going to put all these changes in place january 1. there's no grand bargain out there that's going to cover all these things at once. it's going to be
MSNBC
Nov 27, 2012 8:00am PST
puts forward his plan. how is he going to close the other part of that deficit? you know, his proposal right now, the most he can say would raise would be about $68 billion when our deficit last year was $90 billion. what is the president's plan for closing the additional additional $1 trillion worth of deficit? i think that's incumbent on the president to put forward his plan. >> from your standpoint alone, there's no way you see fit in the coming 35 days that you would break that pledge with glove norquist. >> well, thomas, let's use a couple numbers here. even with this measly economic growth we've seen the last three years, revenue at the federal government has increased $344 billion per year. if we just return to a normal economy that returns about 18.5%, that would increase revenue an additional over $400 billion per year, that's $750 billion of revenue per year through economic growth. and the president, his proposal would raise 1/10 of that but would put at risk the economic growth and that $750 billion. so -- >> sir, with all due respect, though -- >> counterproductive. >> tha
CNN
Nov 27, 2012 2:00am PST
" and he joins me now. thanks for being with us now. we appreciate it. you compare the deficit to an insurance policy. you say it doesn't make you any richer in the short-term, but in the long-term, it is helpful. i want to actually put your statements up. you say let's agree to keep deficits very high for at least another year. and then let's buy an insurance policy against that debt crisis when we can really afford it. so lots of republicans and democrats out there would disagree greatly with you. say that america's ability to pay its debt is really important. how would you respond to them? >> right. i do think that there's a thing that's taken place in washington deficit reduction will stimulate us to enormous growth in 2013. the fact is what deficit reduction is, is tax increases and spending cuts, both of which take economic activity out of the economy. so this really is extremely similar to insurance. if i buy, say, flood insurance. what i'm doing is i'm paying a short premium in the short-term, to protect my house in the long-term. that's exactly what deficit reduction i
CNN
Nov 28, 2012 4:00pm PST
, we have a trillion dollar annual deficit and this would not close that gap at all. so the president needs to come up with a plan and for better or worse going to require leadership. no member of the senate or the house is going to be able to do this, this is something the president has to do by himself and he can't do it on the campaign trail. >> let me ask you this because you wrote an op-ed today and you wrote about divided government about the deal. you said divided government means that neither democrats nor republicans will be able to pass legislation along strictly partisan lines. we cannot tax our way back to budget surpluses and economic prosperity without major spending cuts and entitle 347b9 reforms we will continue running a huge deficit regardless of what anyone does on either side. for every dollar of revenue you give him, he'll give you $2.50 of spending cuts. if he gave you that on spending cuts, it would be 8$850 billon year would you do that? >> the president has said a lot of things, but what counts is what he's willing to put on the table and so far, he hasn't put
MSNBC
Nov 20, 2012 10:00pm PST
it and they are very, very, very loathed to break it. and that's made it impossible to reach a deficit reduction deal, until now. "the new york times" has an article in which republican after republican after republican goes on the record by name dismissing his pledge and his power. peter king says a pledge is good at the time you sign it. in 1941 i would have voted to declare war on japan. but each congress is a new congress and you can't have a rule that you're never going to raise or lower taxes. i don't want to rule anything out. senator of georgia said, i'm frankly not concerned about the norquist pledge. senator john mccain said fewer and fewer people are signing this "pledge." it's actually a pledge, but any way. senator coburn called it "a tortured vision of tax purity." and it did you want end there in that article. bill crystal said this. >> let's have a serious debate. don't scream and yell when one person says, it won't kill the country if we raise taxes on millionaires. i don't understand why republicans don't take obama's offer. >> a calmist at the national review wrote, as a matter of
CNBC
Nov 22, 2012 1:00pm EST
. >> in the wake of the 2008 financial crisis, the size of the federal budget deficit has received a lot of attention. but state and local governments are also dealing with massive deficits. each state has a slightly different story, but across the country, there is a common theme. in many state houses, expenditures are outpacing income, and public pension obligations are drastically underfunded. as we reported in december 2010, some believe a day of reckoning is at hand for many states that could require another big bailout package. >> the most alarming thing about the state issue is the level of complacency. >> meredith whitney is one of the most respected financial analysts on wall street. she made her reputation by warning that the big banks were in big trouble long before the 2008 collapse. now she's warning about a financial meltdown in state and local governments. >> it has tentacles as wide as anything i've seen. i think, next to housing, this is the single most important issue in the united states and certainly the largest threat to the u.s. economy. >> why aren't people paying
CNBC
Nov 28, 2012 12:00pm EST
of talk here in washington about the deadlines we're facing on taxes and deficits. these deadlines will be coming up very soon, but today is important, because i want to make sure everybody understands, this debate is not just about numbers. it's a set of major decisions that are going to affect millions of families all across this country in very significant ways. and their voices, the voices of the american people, have to be part of this debate. so i asked some friends of mine here to join me, some folks from here in the area. our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but the place where we already have, in theory at least, complete agreement right now, is on middle-class taxes. as i've said before, we have two choices. if congress does nothing
CNBC
Nov 21, 2012 2:00pm EST
and we get meaningful tax reform and real bite at the deficit over the past ten years. does that change at all your approach to the market? >> no. well, as a matter of fact, i realize that they have to address the issue and reduce the deficit, but any measure you take to reduce the deficit also has an impact on the economy, whether it's raising taxes or cutting spending. with the deficit, 8.5% of gdp, if you remove that, then you're removing a big piece of gdp right there. so i still think that over the intermediate to even long term there's going to be opportunities for us to take advantage of volatility. i don't think volatility's going to go away. >> make it your friend. thank you invest much. >>> next on "street signs" -- it could officially be the end of the line for hostess. who, if anyone, is out there to potentially buy this iconic brand before it goes away? >>> groupon is up 10% today. why the big money is suddenly subscribing to the daily deals site. stick around. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only
CNBC
Nov 27, 2012 3:00pm EST
. it almost makes me upset. interest rates are going down because they can't get a hands l on the deficit because stocks are going down. that's the reality we're dealing with. consumer confidence this morning, listen, i'm worried about the fiscal cliff. i have my button on. anybody who tries to put words in the general public's mouth about the fiscal cliff, these confidence numbers dispel that notion that they're worried. they probably don't even really know the details. >> david kudlow, you are taking something of a risk-on strategy. you're going with the high-growth, high-dividend plays in this market, aren't you? >> yeah, we are. it's a strategy that's worked quite well p the uncertainty we've had over the fiscal cliff. with the positive economic data coming in, high-growth areas have done well for us. hi areas have helped diversify and steady the portfolio. >> you're not worried about impact that the fiscal cliff could have on the tax treatment of dividends out there? you get all these companies imposing early dividends, special dividends to try and slip it in before the end of the ye
MSNBC
Nov 26, 2012 9:00am PST
krugman sounded a different note today in the "times" and is talking about this idea that cutting deficits is a number one priority. he writes supposedly any day now investors will lose faith in america's ability to come to grips with its budgets failures. when they do there will be a run on treasury bonds, interest will spike and the u.s. economy will plunge back into recession. this sounds plausible to many people because it's roughly speaking what happened to greece but we're not greece. he's saying while this is a real dynamic for some countries, it is not because of the way we fund ourselves, is that right, ben? >> that's right. i would say morning munnize not actually by given name. >> i didn't know that. >> he's right, we're not greece, we're a much larger economy. we can grow our way out of debts and deficits. we've got a ginormous economy. we had a huge black friday weekend. probably $600 billion for the total shopping over the holidays. the question is, as we get close and getting into december, if it looks like talks are breaking down and we have the same old lines on no tax inc
CNN
Nov 27, 2012 12:00am PST
. so the biggest problem created the deficit that we have, the fiscal cliff that we're falling over is on spending. so this preoccupation with talking about taxes is talking about the smaller of the two problems that are causing the deficit. >> right. when you have a negotiation that's going on although the moment, 72% of americans according to the cnn poll believe obama and the gop should compromise to get thing off a cliff. we have to give and we see the difference ideologically, but in all kinds of trixie deductions and so on and a flat income tax increase on wealthy americans. what's the ideological difference. wealthier people pay a little more tax. >> it's not a ideological difference. what can raise the money most efficiently and effectively to create economic growth that's going to create jobs for people. one of the things i talked about during the campaign was cutting the corporate tax for manufacturing. you want to create jobs that are here in america that are going to create good-paying jobs that create things that people will consume here in it country. let's do somethin
MSNBC
Nov 26, 2012 10:00pm PST
is deficit is the biggest problem. here we are with the cliff, the curve, whatever you want to call it and what do we find out? even republicans are warning they don't want to go over the cliff because guess what? just cutting the deficit without any regard to the rest of our priorities is a bad idea. it happens to be the heart of republican economic policy and the other thing about never raising taxes, guess what? we don't have the gdp to seniors ratio than we did 20 years ago, so if we're going to be serious about an ageing population, it means you can't stick to these fantasies. >> i remember two years ago on the show, introducing him to the audience and explaining he's the most powerful republican in government and i had to do this long thing on who he is. and now, here he is in the center of this debate. let's listen to what the republicans are up against in the negotiations with the white house. jay carney indicated today what the president's stance is on income tax rates. >> i would say also that the president has made clear that he will not sign a bill that extends the bush
CNBC
Nov 28, 2012 9:00am EST
with an incredible deficit deduction in place. >> i plan to wake up with a big hangover. >> if we would go ahead with sequestration and increase in tax rates, they have to be happy. where is santelli on this? >> he does wear a pin, santelli. it's a good question. >> look, i just think that it is true that january may not be a debacle. as someone that cares about -- let's put my cards on the table. higher stock prices. we ain't going to go in that direction. it's not good for the stock market. >> we hear it all the time from business leaders. i heard it yesterday. head of north american m&a. if you get me a deal, i as ceo am going to make significant decisions that i'm not making now. >> there it is. it's the decisions. it's the decision to hire. decision to invest. it's a little dicey. you don't know what the world is going to look like. i think that the guy i care about may be more than the people meeting with president is jpmorgan head of m&a. these are few and far between. i spoke to ceo of pbh after interview he said i want to make money for shareholders taking advantage of the fact that int
CNN
Nov 26, 2012 11:00am PST
're willing to close tax loopholes to reduce the deficit, now we haven't yet seen that from congressional republican leaders, but we obviously are seeing it from prominent republicans you showed including senator graham and senator bob corker. >> question about two of those gentlemen here in a moment. cnn this morning talked to grover norquist, incumbents dare to break this pledge, dare to vote to raise taxes. the question was will he do it again? here's norquist. >> we would certainly highlight who has kept their commitment and who hasn't, but the point is historically the people who lose do so because the people in their state have figured that out. >> back to, i think, where you were going a moment ago, bob, it is interesting that when you look at the top two, two of the top republican senators we're talking about who are flirting to break this pledge, break with grover norquist and consider raising taxes on the wealthy they both face re-election in 2014. i'm talking about saxby chambliss and south carolina's lindsey graham. does that say to you that the political winds could be shifti
CNBC
Nov 27, 2012 6:00am EST
the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and high frequency trading. p. >> money markets used to be covered by the fdic when the crisis first came on.
CNBC
Nov 28, 2012 6:00am EST
. in other words, instead of a cliff, that you reduce the deficit over time in a much more orderly fashion. >> with a plan, though. >> with a plan. exactly. bowles simpson was a plan. >> bowles simpson is so far gone at this point. >> but when you look at those, they all have some come by neigh of spending cuts and tax increases. the idea is that over a period of time, you basically put the country in a better path, the government in a better path to spending and taxation. what you don't want is the fiscal cliff because that was designed to be something that nobody liked. and the reason is, yes, you've reduced the deficit from about 7% of gdp down to about 4% of gdp, so you move in the right direction really dramatically, but you do it in a way that nobody was happy with exactly where those cuts come from and exactly how the taxes increase. >> with what you're seeing, and we never know, it's almost like a mating dance where you've got the male and a feel of some species -- >> it's an ugly one. >> looks like they're never going to do it. they get closer and closer. >> but there is a lot of
CNBC
Nov 21, 2012 3:00pm EST
, will congress be able to reach a fiscal cliff deal that really cuts spending and the deficit? wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> another busy news day. markets higher right now. we had the cease fire now announced between israel and hamas. if there isn't peace in washington on avoiding a fiscal cliff, will these gains go away in a hurry? >> joining us now, rich bernstein, cnbc contributor, anthony chan, and our own bob posani. bob, so far we've seen, what, t
MSNBC
Nov 26, 2012 7:00am PST
and that is however we try to deal with the deficit it has to be balanced and it has to call on wealth the wemt iest americans to do their share, and that's all we're looking for, so i think people are dreaming if they think we're going to get a deal on entitlements in three weeks. that is not going to happen and i think it would be irresponsible to try to come up with any approach to entitlement reform in such a compressed period of time. >> reasonably what do you think can get done in the next three to five weeks until the first of the year? >> i think we can head off the problem with everybody's taxes going up. the senate has already passed a bill extending the tax cuts for 98% of the american people. that's a real easy one if speaker boehner can deliver maybe 30, 35 votes. i think we would be happy to pass that and avert that huge tax increase at the end of the year or beginning of next year and we can extend the spending limits and delay the across the board cuts until a more comprehensive balanced approach is negotiated. >> senator bob corker is putting out a plan that includes a trillion doll
MSNBC
Nov 27, 2012 7:00am PST
in new hampshire say i don't mind sharing some of the cost of dealing with our debt and deficits, but i want to feel like if i'm going to do that that it's going to be fair that everybody is going to be part of sharing in that burden. >> is there something for you, senator, that's an absolute nonstarter? >> well, i think we do need to take social security off the table. because social security has not contributed to the debt and the deficits. and so we do need to fix it for the long-term, but that's a different discussion than the one that we're having about those programs that are actually costing. so i think we do have to look at the cost of health care long-term because that's going to contribute to the debt. >> i also want to ask you about susan rice, she is meeting with senators mccain, graham, and ayott. do you think she has explaining to do with what she said about benghazi? and would you support her if she is nominated for secretary of state? >> she's not yet been nominated. so i'm going to look carefully at her credentials, which i think qualify her very well to be nominated. i
CNBC
Nov 28, 2012 1:00pm EST
the revenue that gets us out of the deficit. >> a $4 trillion deal would be your goal. i want to focus on maybe something that hasn't been talked about as much, and that's entitlement reform. and the big one here would be medicaid and especially medicare. if you had to tell your democrat colleagues, here is the one reform that i think you should make to medicare, to reduce the growth and expenditure there, what would it be? would it be increasing the eligibility age? would it mean that the wealthy have to pay more? what would it be? >> there are any number of those things. you say to people at or near retirement, we're not going to change it for you. but for younger people, they want a change. they'll support it because we've got to make sure these entitlement programs are solvent both now and for the future. so i believe we can come together in a bipartisan way and do this. it's got to be part of a package in order to get the job done. >> i couldn't agree with you more on that because the history of american workers over the past 24 years is that we have adjusted to reduced benefits,
CNBC
Nov 26, 2012 2:00pm EST
that if we get a big deal done here in terms of the budget deficit, i think we could have a very good economic growth next year. >> a lot of "ifs" though. if, if, if. to mandy's point, lope is not a strategy. if is not a strategy. >> that's right. i think now the president has picked geithner to negotiate with the republicans, with boehner. i do think there's good grounds for something to come out of this. i think the simpson-bowles framework i think gives a pretty credible framework that they can work off of. maybe they do some things a little bit differently but if they can get something done of that magnitude, it will be very big for business confidence and for the economy. >> i know our viewers, very smart bunch. they can be a little tough though. right? in their own way. they'll say stock market, it is only up because the federal reserve is priming the pulp. is that true? >> that's a big part of it. that money that the fed is buying these treasuries and now mortgages, that money needs to go somewhere. so it is working its way into risky assets, causing corporate spreads to tighte
CNBC
Nov 26, 2012 6:00am EST
large deficits, as well. so the politics in spain slightly skewed as they will be, but not so much pressure on rajoy at the moment. unlikely to ask for assistance in the short term. we also have another euro group meeting take, back in brussels, yes, i know, we seem to have one every week. they may come up with a long term financing deal for greece. finally talking about debt forgiveness in greece which is what we all know has got to happen. whether it can happen before the german elections in the fall next year is a mute point. anyway, that's where we stand. fairly down beat for equities and yields a little bit mixed. back to you. >> all right. thank you very much. let's get back to the fiscal cliff. we've been talking about the issues of taxes. as we mentioned, warren buffett calling for a minimum tax for the wealthy. he starts with suppose that an investor you admire and trust comes to you with an investment idea. this is a good one, he says, i'm in it and i think you should be, too. would your reply possibility be it all depends on what my tax rate will be on the gain you're sa
CNN
Nov 23, 2012 1:00pm PST
. property tax, that's another huge one. everybody says, yes, the deficit, it's all a big problem. and it's true. you can't continue to run these trillion-dollar deficits. but when you get down to the nitty-gritty about what you're actually going to cut, that's what's really hard, joe. >> if they don't fix it, it's going to be in everybody's backyard. thanks so much. >> that's right. >>> does the israel/gaza cease-fire prove that the u.s. can negotiate with what it's called a terror group? what about al qaeda? the implications next. load your, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> fresh clashes between protesters and riot p
MSNBC
Nov 28, 2012 3:00am PST
, here's a fact. the president has on the table a proposal that reduces the deficit by $4 trillion. that is substance. so he has not waited for people to start smelling the jet fumes at national airport. he has actively put forward a plan. >> okay. welcome back to "morning joe." welcome back. christmas is coming. >> all right. >> can you believe it? >> yeah, the christmas tree. it's looking beautiful. harold ford jr. is still with us and co-founder of the no labels organization, market mckinnon, also with us, "fortune" magazine's leigh gallagher. mark, good to see you. jeff zucker. >> a struggling -- >> taking over cnn. >> looking to jz. >> jeff zucker to run the joint. >> that would be interesting. >> smart guy if see what happens. all right. well, good, good. so how is our republican party -- so mark mckinnon, it's been a very, very rough month for you as a republican. you haven't shaved since the election. >> ah. >> you're not -- >> looking very handsome. >> you're not brushing your hair. >> well. >> your scarves look a little out of touch with the rest of your outfit like this
CNBC
Nov 28, 2012 4:00pm EST
those breaks could be chopped to cut the deficit. are those worries overblown? a heated debated is coming up. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> let's get to mary thompson who has more on some of market action. >> more actually on all these companies paying out these dividends, michelle. consider this. last year only 44 members of the russell 3 o -- 3 000 had paid out a special dividend. why the rush? investors want to push out cash before the tax rates jump. take a look at these company names behind us. they're the one december clalar special dividends. on december 18th, a retail warehouse -- costco's payout, one of the ten largest out so far this quarter. in total, thos
CNN
Nov 23, 2012 5:00pm PST
this. it is a social skill deficit that they learn, and their parents need to know that and intervene. >> the place where we stop it is the public forum of the school. because we can't control these homes. but we can control what happens to kids at school. and we can have -- we can push for more empathy and more understanding. that's where we have a chance to make an impact. >> what bothers me is i don't think you can put a fence around the school. i hear administrators say it happened off campus, it wasn't actually on school. it was in a chat room, it was this, it was that. you have to take down the fences and boundaries. we are responsible adults, and if we know this is going on, we need to caucus and talk to the parents and have a discussion about this. and not to come in and put the bully under the jail. you're not going to punish this out of the bully. that young man that was doing that on the bus, that bully, to me, that is a tormented child. the bully. there's something going on. >> but when he went home that night for dinner and his mom said how was your day, what did you do t
MSNBC
Nov 23, 2012 6:00am PST
cuts in any of the entitlement programs. they do want the deficit cuts. you can't have it all, right? >> right. well, if you look at the exit polling, most were supportive of raising rates on the rich and that has been consistent throughout this election season. i'm bullish. i don't know if it's the turkey or the drink or the redskins victory yesterday affecting me here but i'm bullish that there will be a solution. you have three dynamics here at play. you have a president who is significantly stronger, i think, speaker boehner is stronger inside of his conference. you have republican governors, people like bill kristol who seem to be saying positive things, encouraging things on tax rates which provide a permission slip for republican legislators to be supportive. and then i think the tone inside of washington is markedly different than a year and a half ago on both sides. >> it can all come down to the wording, though, robert, and one of the sticking points remains revenue versus taxes. "the new york times" reports negotiators are looking heavily at the idea of making the wealthy
MSNBC
Nov 28, 2012 7:00am PST
't make a deal. later he's hosting big business leaders to talk about ways to cut the deficit. joining me to talk about this, "washington post" political columnist day ma milbank and terence page. >> good morning. >> clarence, big development with tom cole breaking from his party and saying they should support an immediate extension of bush-era tax cuts for households earning less than $250,000. and then deal with the higher income tax breaks later. this is the key argument the president has been making. he says this has to get done. it is a sign the democrats' arguments are working? is tom cole an outlier among republicans? what's going on? >> it's a sign of the diversity in the republican party and that's something that president obama's team is trying to work on. they're trying to develop divisions and to break the logjam, the big showdown that's going on between speaker boehner and congress on one side and president obama and his team on the other. so it's a sign, but we've still got a long ways to go. >> if you can believe it, the negotiations got arguably more complicated yesterday
CNBC
Nov 26, 2012 1:00pm EST
% of the taxpayers and it's maybe $5 billion to $10 billion a year. relative to a $1 trillion deficit -- not saying it's nothing, but it's just such a tiny amount -- >> people at his income level are paying that. >> i have to say, if we're going to have a big tax debate, let's have one that really matters, now about this warren buffett rule which won't raise enough revenue to make a dime's worth of difference whether it comes to the federal budget. let's figure out what do we want to use our tax code for and what do we have to change to make it do that. >> let's move on to the next one which would put you in -- give you a real tax problem here. the powerball jackpot set for a record $425 million this wednesday. no winner over the weekend. what would you do with a half billion that came as a windfall to you? >> first thing i'd do, i'd give everybody i know a lot of money and say don't come back again. here you go. i'm going to seed all your brilliant ideas but that's all you get. second, i think i would look for -- a lot like peter thiel has done, look for underinvested ideas, writers, artists, tech
CNN
Nov 27, 2012 11:00am PST
or have less of a deficit is to let the economy grow. raising tax rates on rich people will not help the economy grow. in fact, it will send the economy in the wrong direction. >> i understand. i know you signed a pledge and you're sticking to that pledge with regard to the people you represent. so let me move on and ask you this, senator. you have indicated you are interested in running for president. tell me this, here, how exactly -- how interested are you and have you taken -- i know you smile because you've been asked it before, but let me ask you as well, have you taken any concrete actions to start lining up support? honest answer, please. >> well, you know, i've said i won't deny that i'm interested. little bit different than i am interested. >> let's read between the lines. what does that mean, sir? >> i want to be part of the national debate. i think my party, the republican party is shrinking. we're in danger of becoming a dinosaur. we're not competitive on the west coast. we're not competitive in new england. we weren't competitive around the great lakes. so we need a new
FOX Business
Nov 28, 2012 1:00pm EST
help the deficit. warren buffett can help them out. lori rothman and melissa francis with more coming up. dagen: the market is up, that is good. good afternoon read >> pushing for middle-class tax cuts without any spending concessio concessions, president obama to meet with business leaders on the fiscal cliff after speaking just last hour. we'll ask lou dobbs that he thinks ceos will help to make deals happen. >> now washington is looking at the one sacred mortgage deduction, maybe get rid of it to help heal the budget crisis. >> charlie gasparino on the future of the firm. time for stocks as we do every 15 minutes, before the new york stock exchange, nicole petallides on the floor. a deal is possible by christmas. >> hoping to get some positive comments from john boehner. he is optimistic. a nice little boost. from negative to positive to the session highs, no 50 points away from dow 13,000 once again. the dow once again up 73 points. you have a lot of winners. the banking index is still under some pressure, but retailers are really stealing the show. many are doing well for a varie
CNN
Nov 27, 2012 6:00am PST
a handle on the deficit. it also has a lot of people saying wait a minute. some of these decisions could really impact -- and not a good way -- have a huge impact on the poor and elderly. for ceo lloyd blankfein, he did an interview over the weekend with cbs and made the case that the social safety net programs need to be scaled back like medicare, medicaid and social security. he says people need to lower their expectations of those sboi entitlements. easy for him to say. he made about $12 million last year. i digress. he did con socede that eventual the way to raise revenue will be for the wealthy to pay a higher tax rate. david coney is talking about addressing the entitlement issue but wants a corporate tax rate of zero. no doubt that would create huge outrage. he says that's the most effective way to create jobs in the u.s. and frees up so much money for companies to hire. many would probably agree that's important, too. you can see both sides of the story there, carol. one more extreme than the other, of course. >> of course. we'll see what happens. alison kosik at the new york sto
CNBC
Nov 27, 2012 9:00am EST
to talk about comprehensive tax reform and talk about spending cuts and talk about debt and deficit reduction. pulling out an isolated piece like raising rates or taking a mortgage interest deduction or whatever it may be, it doesn't serve a purpose. you have to look at the entire problem. if you don't do that, we're all dead. >> where does norquist fit in? has your own view on the pledge evolved? >> i'm not for increasing tax rates. i'm for reforming the code, raising the base upon which those rates might be applied. i'm not for raising the rates. >> why is this attracting a -- why is revenue in general attracting the share of the debate? i heard complaints that say we're not giving due attention to reform, to entitlements. is it just that taxes are sexy, is that it? >> if the media would stop asking about it we could talk about comprehensive reform of entitlements and of spending. it's a complicated, complex process. if you pull out one part of it and have a debate over that part, you're redirecting america's focus from where it ought to be which is comprehensive reform of spendin
MSNBC
Nov 21, 2012 3:00am PST
we need other than taxing the rich? >> we need a framework so you can look and see the deficit is coming down to near zero. that's what we need. >> where do we get the money on the spending side? >> well, first, on the taxes in addition to raising the tax rates, what we're going to start hearing much more about is the unbelievable tax gimmicks. i just want to say, but, joe, one thing about that, if i could. >> where is the spending coming from? >> i want to say one thing about that that's funny. go google and some of our other biggest companies have been hiding profits for years from the irs. with the irs' approval, putting it in bermuda and so forth. now europe is saying, because they use european con duets, okay, we'll tax that. no, that's money that should be taxed by the united states. stow if we continue our gimmicks we're going to lose it to europeans. >> so we have to raise rates and we have to cut loopholes. what about on the spending side? where do we get the money there? >> we're going to have to get defense under control and spend these wasteful wars have added trill
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